BP rakes in quarterly profit of $8.2 billion as oil majors … – CNBC
The British energy major posted underlying replacement cost profit, used as a proxy for net profit, of $8.2 billion for the three months through to the end of September. Oil and gas giant BP on Tuesday reported stronger-than-expected third-quarter profit, supported by high commodity prices and robust gas marketing and trading. The world’s largest oil and gas majors have reported bumper earnings in recent months, benefiting from surging commodity prices following Russia’s invasion of Ukraine.